HTC Exodus 1 phone launched in Helsinki: Litecoin ignores the boost

One of the leading smartphone manufacturers in the world, HTC has finally launched its envisioned first blockchain smartphone. The phone, called HTC Exodus 1 has internalized support for digital assets like Bitcoin (BTC) and Litecoin (LTC).

The founder of Litecoin, Charlie Lee talked about the new phone during the Slush 2018 event that was held in Helsinki yesterday. The visionary leader has always had a mission to make digital assets as user-friendly as possible. It was announced at the event that Litecoin (LTC) will be among the first cryptos to be supported on the phone. After the event, Lee told his followers on Twitter that:

“As announced at @SlushHQ today, you can now purchase the @htcexodus crypto phone with Litecoin. It costs a fixed 19.84 LTC.”

Users of the phone will be able to purchase LTC, BTC, and ETH right from the website using the device. Moreover, the phone has included a system that recovers social keys in the event a user loses the device. The wallet incorporated in the system is referred to as Zion and can store BTC. ETH, LTC and other ERC20 and ERC720 tokens. Lee, who is a consultant for the HTC Exodus team said at the event:

“I’m happy that the much awaited HTC ‘EXODUS 1’ can now be purchased with Litecoin. Ever since cryptocurrency was created, my vision for Litecoin was always to increase the distribution of the currency and use it a foundation for secure transactions worldwide, with the Exodus 1, project HTC is expanding crypto technology to the mobile phone and doing so in a way that protects user’s information and wallets.”

Litecoin price technical picture

Litecoin is moving from one descending channel to the other as the market continues to crash. The current declines butchered the support area at $28.00 and opened the road for further declines. The bulls, however, stood their ground prevent further breakdown below $25.00. At press time, Litecoin has made a bullish recovery above the falling channel as well as the 15-minutes 50 SMA.  This bullish spike will face resistance at the 100 SMA currently at $27.00. It is likely that LTC/USD will continue to correct higher as the RSI is heading towards the overbought region. The same is also reflected by the fast stochastic oscillator.

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LTC/USD 15' chart